Is Wall Street High Or Low On Smith & Wesson Brands Inc. (SWBI)?


Smith & Wesson Brands Inc. (NASDAQ:SWBI) traded with an addition of $0.14 to $10.23 on Thursday, an upside of 1.39 percent. An average of 1,074,167 shares of common stock have been traded in the last five days. There was a fall of -$1.47 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,066,222 shares traded, while the 50-day average volume stands at 821,779.

SWBI stock has decreased by -29.19% in the last month. The company shares reached their 1-month lowest point of $9.93 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $10.06 and a high of $24.26 in 52 weeks. It has reached a new high 3 times so far this year and lost -43.31% or -$7.48 in price. In spite of this, the price is down -57.83% from the 52-week high.

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Insider Transactions

7 days have passed since Smith & Wesson Brands Inc. (SWBI) last reported insider trading activity. SCOTT ROBERT L, who is Director, most recently acquired $2,500 shares at $11.95 per share on Sep 15. In this transaction, the insider spent $29,875. Director, SCOTT ROBERT L, disposed of 2,000 shares at a price of $14.80 on Aug 15. The insider now owns more than $29,600 worth of shares. Prior to that, Director SCOTT ROBERT L went on to Sale 1,500 shares at $13.20 each on Jul 15. An amount of $19,800 was transacted.

Valuation Metrics

Smith & Wesson Brands Inc. (SWBI) has a trailing price-to-earnings (P/E) ratio of 3.96. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 1.28.

The company has a payout ratio of 13.20%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday June 23 2022.

Financial Health

The quick ratio of Smith & Wesson Brands Inc. for the three months ended July 30 was 1.30, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.11 for the quarter ending July 30. Its gross profit as reported stood at $374.56 million compared to revenue of $864.13 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Smith & Wesson Brands Inc.’s return on assets was 24.30%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $3.31 million in the quarter, while revenues of $36.14 million were shrunk -2222.66%. The analyst consensus anticipated Smith & Wesson Brands Inc.’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.07, a -79.40% surprise. For the quarter, EBITDA amounted to $11.47 million. Shareholders own equity worth $45.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Smith & Wesson Brands Inc. (SWBI) price momentum. RSI 9-day as of the close on 21 September was 20.69%, suggesting the stock is oversold, with historical volatility in this time frame at 47.02%.

As of today, SWBI’s price is $10.72 -12.47% or -$1.47 from its 5-day moving average. SWBI is currently trading -26.44% lower than its 20-day SMA and -24.84% lower than its 100-day SMA. However, the stock’s current price level is -22.64% below the SMA50 and -38.39% below the SMA200.

The stochastic %K and %D were 4.44% and 3.40%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 9.94% and the average true range at 0.51, the RSI (14) stands at 24.46%. The stock has reached -0.90 on the 9-day MACD Oscillator while the 14-day reading was at -1.62.

Analyst Ratings

Cowen downgraded Smith & Wesson Brands Inc. (NASDAQ: SWBI) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.


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